AUDNZD is approaching its resistance, potential drop!
AUDNZD could potentially rise to its resistance at 1.0603 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap resistance) before reversing and falling to its 1st support at 1.0556 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support). We have also identified another resistance at 1.0626 (76.4% Fibonacci retracement ).
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.